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Accounting Test Terms
Accounting Test Terms
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Accounting Test Terms
Flashcards
28 cards
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Questions
28
Answers
1
To Cash a Check, a _______ should be written on the Back of the Check.
Check Number
Accounts Payable
Date
Signature
2
Reconciling the Checkbook is done when a person _________ records
Audit
Change
Design
Query
3
Professional whose work involves checking the accuracy of work by accountants.
Bank Teller
Auditor
Accountant
CFO
4
The 2nd set of Numbers on the Bottom of a Check is called the ______ id.
Loan
Bank's
Payee's
Drawee
5
Loan Applications help in ________ money.
Raising
Sharing
Distributing
Changing
6
Cost to Manufacture, Market, and Distribute a product or service to a Customer.
Cost Per Dollar
Cost Per Change
Cost Per Item
Cost Per Cent
7
Costs of Maintaining & Operating a Business
Liabilities
Receipts
Revenue
Expenses
8
When Writing a Check, after "Pay to the Order" should be the ____________.
Drawee
Owner Equity
Payee
Asset
9
Dividends are considered what part of a Business.
Liabilities
Owner's Equity
Expenses
Assets
10
Accounting deals with the method of Reporting _______ ______ recorded in an orderly fashion.
Financial Activities
Income Statement
Transactions Lists
Distribution Summaries
11
Amount of Money that a Company Earns
Receipts
Revenue
Assets
Expenses
12
Agreement of Payment is also called a ________.
Withdraw
Profit
Check
Deposit
13
Revenues & Expenses over a Certain Time Period.
Shareholders Information
Statement of Change in Owner's Equity
Balance Sheets
Income Statements
14
Method of Reporting Financial Activity of a Business is called __________.
Finances
Marketing
Accounting
Investments
15
Items that are very important to Keep for Tax Purposes.
Checks
Expenses
Receipts
Revenues
16
Taxes are usually due around what date every year, approx?
April 1
April 15
April 30
April 22
17
Accounts Payable is part of the ________ part of a Business.
Owner's Equity
Liabilities
Assets
Revenue
18
Record of Purchases, Need for Tax Purposes
Revenue
Expenses
Liabilities
Receipts
19
Personal Income Taxes are usually due around?
Feb 14
Jan 31
June 10
April 15
20
Accountant who meet Specific Educational Requirements.
GPA
CPA
CEO
CFO
21
How is the Company's Stock Performing is on the following Statement?
Balance Sheets
Statement of Change in Owner's Equity
Shareholders Information
Income Statements
22
A legal payment to local, state, or the federal Government is called _______.
Taxes
Assets
Revenues
Liabilities
23
Cash is considered what part of a Business.
Expenses
Liabilities
Assets
Owner's Equity
24
Statement of Assets, Liabilities, and Capital at a Certain Date.
Income Statements
Statement of Change in Owner's Equity
Shareholders Information
Balance Sheets
25
Anything of Value owned by a Business
Liablities
Assets
Owner's Equity
Loan
26
A Bank Employee who handles deposits, withdrawals, selling travelers check, & accepting loans
CPA
Bank Teller
Accountant
CFO
27
On the For Section of a Check, put the _______ information.
Amount
Signature
Date
Purpose of Check
28
A Top Level Financial Manager is also called a __________.
CEO
CMO
CPO
CFO
